Accession Number : AD0648649
Title : A METHOD FOR BALANCED ALLOCATION OF RESOURCES AMONG RESEARCH AND DEVELOPMENT PROJECTS.
Descriptive Note : Technical rept., 1 Oct 66-1 Mar 67,
Corporate Author : AIR FORCE OFFICE OF SCIENTIFIC RESEARCH ARLINGTON VA
Personal Author(s) : Martino,Joseph P.
Report Date : 15 FEB 1967
Pagination or Media Count : 32
Abstract : The report presents the results of a study conducted by a tri-Service committee to devise a quantitative means for allocating resources among competing projects in the 6.1 (Research) and 6.2 (Exploratory Development) areas. A measure of utility is defined for various budget levels in a scientific or technological area, and marginal utility theory is applied to determine the optimum allocation among competing area, i.e. that allocation which purchases the greatest amount of utility for a fixed budget. (Author)
Descriptors : (*DEFENSE SYSTEMS, *FEDERAL BUDGETS), (*DEPARTMENT OF DEFENSE, FEDERAL BUDGETS), SCIENTIFIC RESEARCH, COSTS, COST EFFECTIVENESS, MANAGEMENT PLANNING AND CONTROL
Subject Categories : Administration and Management
Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE